Powertrain and axle supplier Dana Holdings Corp. reported net income of $92 million during the second quarter, up from $86 million during the same quarter last year.
The company said Thursday that quarterly sales fell to $1.80 billion, from $1.94 billion in the year-earlier period.
Dana blamed the drop in sales on scheduled light-vehicle program roll-offs, the sale of an off-highway business unit and currency effects.
Dana, of Maumee, Ohio, ranks No. 26 on Automotive News’ list of top 100 suppliers, with worldwide parts sales to automakers of $7.2 billion in fiscal 2012. Dana supplies driveline, sealing and thermal-management technologies for vehicles.
“We continue to focus on disciplined cost and investment actions to generate positive cash flow and improve margin performance in each of our four business segments," Dana CEO Roger Wood said in a statement.